real-time news and commentary for investors
Friday, Apr 26
Lifepoint Hospitals (LPNT +2.2%) moves up today in spite of posting a mixed first-quarter...
Lifepoint Hospitals (LPNT +2.2%) moves up today in spite of posting a mixed first-quarter earnings report. Net revenue jumped 9.4%, largely due to acquisitions as the rural hospital operator's admissions and surgeries continued to drop. On a same-hospital basis, admissions were down 5.9%. Inpatient surgeries declined 10% while outpatient surgeries fell 6.9%. Revenue per patient increased 2.6%. Provisions for doubtful accounts rose 15% to $169.1M.